12/20/2023
The Bank will provide a guarantee to confirming banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BOAT.
12/20/2023
An AfDB spokesman did not immediately respond to a request for comment on the staff pull-out.
12/19/2023
The data is compiled by the NBS from data provided by the Federal Inland Revenue Service
12/18/2023
The trade finance senior debt will provide UBA with much needed countercyclical dollar liquidity to support SMEs and local corporates involved in export-import related activities in the short to medium term.
12/18/2023
Looser monetary policy in advanced economies is expected to ease pressure on the domestic exchange rate by incentivising capital inflows to emerging and frontier economies like Kenya.
12/15/2023
Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.
12/15/2023
Rules are not meant to return us to a pre-crypto world, nor to squash innovation.
12/14/2023
The IMF said Tanzania’s economic growth was expected to pick up this year, but faced challenges from an unfavourable global economic environment
12/14/2023
The Minister’s comments come following a comprehensive research initiative commissioned by the Ministry of Information, which focused on activities undertaken to test the flexibility of the law and its enforcement since its passage in 2019.
12/12/2023
The apex bank directed all financial institutions regulated by it to accept all cash deposits from the public without any charges going forward
12/12/2023
Kenya’s banking sector in 2018 channelled Sh27 billion in climate finance against the total loan book of Sh2.49 trillion, highlighting the sector’s risk averseness towards green projects.
12/11/2023
In South Africa, the latest consumer price inflation, as published by Statistics South Africa, was 5.9% in October 2023, up from 5.4% in September 2023.
12/11/2023
The National Treasury increased its borrowing to around R14 billion per week starting in August.
12/08/2023
This saw the rate hit the highest point in 11 years as Kamau Thugge, the governor, moved to curb inflation and stop the free fall of the shilling.
12/07/2023
African countries should be exempt from a plan by the European Union to impose a carbon tax on some imports, the head of the African
12/07/2023
Only MMOs can hold customer funds, according to the CBN.
12/06/2023
The collaboration is a significant milestone in a long-standing relationship, between the two institutions.
12/06/2023
Inflationary pressures and cashflow difficulties saw customer spending declining
12/06/2023
In July, the bank noted that accretion to external reserves remained weak while foreign exchange demand pressures persisted.
12/05/2023
The rand remains at the bottom of the EM currency ranked by Bloomberg, with the majority having strengthened on the year out of the twenty-two currencies.